Top 3 Price Prediction Bitcoin, Ethereum, Ripple: On-chain ...
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: On-chain ...
Sparrow Raises USD 3.5 Mil in Series A Funding - Bitcoin News
BBC Radio 4 - David Baddiel Tries to Understand, Series 3 ...
These 3 Technical Signs Show Bitcoin Could Soon Reverse Lower
Bitcoin Series #3 - Security - Winklevoss Bitcoin Trust ...
The Unofficial subreddit for The Ocean CleanUp Project
Improperly disposed plastics usually wind up in the ocean, where they can remain for hundreds of years before degrading which are easily ingested by fish and spread through ocean ecosystems and enter human diets through commercial fishing, thereby exposing humans to health risks. The Ocean Cleanup aims to address this problem by removing and recycling plastic directly from the surface of the ocean. This subreddit serves as a discussion platform for these and similar ocean cleaning technologies.
Commissioner Peirce wants to see the SEC approve a Bitcoin ETF
This post was originally published on this siteThis post was originally published on this site In a virtual fireside chat with the D.C. Bar, SEC Commissioner Hester Peirce criticized the commission’s long-standing resistance to a Bitcoin ETF. Moderator Ashley Ebersole asked about the SEC’s highly public dissatisfaction with a long series of Bitcoin ETF proposals in the U.S. Peirce, who is often […]
The creator of arguably the most famous Bitcoin (BTC) price forecasting tool has declared that the largest cryptocurrency is in a bull market. In a tweet on Aug. 18, quant analyst PlanB, creator of the Stock-to-Flow series of Bitcoin price models, said that with a relative strength index (RSI) of 64, the bull market was […]
The final 10mBCH (Mike Hearn) Bitcoin Cash Note is released!
Introducing the 10mBCH note honoring Mike Hearn, an early Bitcoin developer who passionately championed the importance of fast, cheap and reliable payments. He released BitcoinXT to save Bitcoin, but faced overwhelming censorship and attack from insidious forces. Lest we forget. This is our completed series of Bitcoin Cash Notes, we apologize to the many who also doubtlessly deserve to be honored for helping bring economic freedom to the world with peer-to-peer electronic cash. Now that our full set of Bitcoin Cash Notes has been released, our focus will turn to scaling production and lowering costs, whilst maintaining in-house production for quality and security. Visit our website for more information or to purchase https://bitcoincashnotes.com
I understand that most analogies that attempt to explain blockchain/bitcoin will be inherently incomplete/flawed since the technology is so new, but I still think they are critical for new participants to get a grasp on what’s happening, at least for me personally. Hoping to get some help as I am having trouble synthesizing a few concepts:
Private/public keys and digital signatures
Sequence of events
Order in which transactions are recorded
Mining nodes vs non mining nodes
My understanding is that all transactions are broadcast to the network. Initially I thought the distributed ledger was analogous to 4 individuals playing monopoly. Instead of having a banker, each player writes down whenever a transaction takes place. This particular analogy lead me to believe transactions were recorded in real time (a player shouts out their transaction and immediately all players record the transaction). Learning about the proof of work lottery required me to tweak my understanding a bit. (Except in the case of forking) I gather that only one individual in the entire network is mining a block (recording transactions) at any given time? Not sure if this is true, but assuming it is, that person records transactions in time sequential order (or so I thought). Somehow a public and private key are involved here: I decided a public and private key are analogous to a username and password (I think this is grossly over simplified). Anyway, providing the password that corresponds with your username allows you to conduct transactions (digital signature). There is some validation of each transaction before the transaction reaches the miner (mechanisms here are unclear). As stated above, I was initially under the impression that the miner is recording transactions in time sequential order, but then I remembered transactions fees. This lead me to think of transaction fees like bidding on eBay: the higher transaction fee you pay moves your transaction to the top of the list. Therefore transactions are not recorded in real time. When your block is full (is there a certain GB limit?) the network validates that everything checks out. You get a lil piece of the action (deposit of transactions fees and a reward for mining a block into your wallet). The proof of work lottery begins again. Two unanswered questions remain:
Is the proof of work lottery “paused” while someone is actively mining a block?
I have become exposed to the idea of mining and non mining nodes... what exactly is a non mining node? Someone who conducts (and validates) transactions but doesn’t play in the proof of work lottery? Or just pretty much everyone who owns bitcoin but is not set up for mining?
Very grateful to anyone who can check my understanding. Most of what I've learned comes from the ebook Inventing Bitcoin, this Hackernoon article that dives a bit deeper into validation, and this 3Blue1brown Youtube video that provides a high level review of foundational concepts. In addition I've been watching the Khan Academy series on Bitcoin, and listening to the Unchained podcast pretty religiously, however since I still feel uncertain on these introductory topics, I feel like I can't be totally engaged with new content.
A South Africa based cryptocurrency exchange, Valr has just raised $3.4 million in a Series A funding round led by 100x Group parent to Bitmex. Bitcoin Series #4 – The Bitcoin Arms Race Bitcoin Series #5 – Altcoins And Forks Bitcoin Series #6 – Other Considerations Bitcoin Series #7 – The Endgame . The present article will delve into Bitcoin security. This is a very important theme, because common sense regarding Bitcoin is that it’s an extremely secure form of currency. Top 3 Price Prediction Bitcoin, Ethereum, Ripple: On-chain metrics turn bullish forecasting a massive breakout Cryptos Oct 19, 08:23 GMT Bitcoin begins to build momentum for a significant push ... Bitcoin is often in the news, but David has always been confused about what, exactly, it is. And with the help of two experts in the field David sets out to find out. He starts by speaking to ... If this series is starting to feel more like a course than interviews, it’s because it is. Charles is starting with the (informal, for now) thesis that “Bitcoin isn’t just a solution to digital cash, it’s the only solution.” And whether that thesis is proven or disproven, he’ll have plenty of educational material. “ Theory of Bitcoin” is your chance to download that material ...